Columbia City, Indiana Real Estate & Housing Market

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Columbia City Housing Information

Index	Columbia City	Indiana	National
Median home price	$100,300	$126,500	$184,700
Median rent asked	$618	$758	$949
Avg. people per household	2.2	2.5	2.6
Owner occupied households	65.7%	68.7%	63.6%
Renter occupied households	34.3%	31.3%	36.4%

A general summary of the real estate market in Columbia City, IN is listed above. Properties in Columbia City, IN average a cost of $100,300, which is 21% lower than the median home price for real estate located in Indiana. This means that the region of Columbia City, IN is, on average, more affordable when compared to the remainder of Indiana. Since tenants living in Columbia City, IN will pay an average of $618, the median rental cost is 18% lower than in Indiana. 65.7% of people in Columbia City, IN own their own homes, and an average of 2.2 people inhabit each property. Columbia City, IN has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Columbia City Home Affordability

When starting your search for real estate in Columbia City, IN, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Columbia City, IN costs $100,300 while each household has an average income of $43,160. Consequently, the ratio of home price to household income is 2.3x; this ratio is 7% lower than the average in Indiana. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Columbia City, IN. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Columbia City, IN.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Sidney, IN	98	$56,300	70%
Larwill, IN	309	$71,400	61%
Pierceton, IN	903	$80,700	56%
South Whitley, IN	2,014	$85,700	54%
Churubusco, IN	1,852	$99,300	46%
Columbia City, IN	9,324	$100,300	46%

Cities with similar population

City, State	Population	Home Price	National Avg.
Walnut Grove, WA	9,324	$215,500	17%
Harahan, LA	9,321	$221,700	20%
Louisville, OH	9,318	$131,900	29%
Springfield, FL	9,318	$103,600	44%
Fort Irwin, CA	9,337	$0	100%
Columbia City, IN	9,324	$100,300	46%

Source: The Columbia City, IN housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).